This week, markets are awaiting the Federal Reserve and European Central Bank (ECB) meetings as well as the press conference of Fed Chairman Powell and ECB President Lagarde, in addition to the press conference of Fed Chairman Powell and ECB President Lagarde.

For the Fed, the Open Market Committee is expected to keep interest rates unchanged, amid better-than-expected labor market data in the December jobs report and rising US inflation levels revealed in the December CPI report. However, investors will focus on the next monetary policy outlook and the future relationship between President Donald Trump and Fed Chairman Powell, especially in light of statements indicating President Trump's dissatisfaction with the Fed's monetary policy.

As for the European Central Bank, members of the bank's board of directors are expected to cut interest rates by 25 basis points, knowing that the central bank aims, according to hints by some members, to reduce interest rates to neutral levels that do not stimulate the economy and do not hinder its growth, which could fall at 2% levels, knowing that this matter will be made more difficult by the US administration's tendency to impose tariffs on European goods and Europe's response to impose tariffs on US goods, which will affect supply chains and push inflation levels to rise and hinder the central bank from reducing interest rates.